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Mortgage Market Update
My Mortgage Company
Brandon List
Friday, November 6, 2026
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Does refinancing make sense right now? |
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There's always talk about refinancing, but the real question is personal to your home and your finances. This week I'm breaking down how to know if it's worth doing.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Refinance Timing
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates have moved—it's whether the benefit you'd gain outweighs the cost and effort of refinancing. That math depends on your current loan, how long you plan to stay in your home, and what you're trying to accomplish. Some people refinance to lower their rate, others to shorten their term or tap equity. Each scenario has a different break-even point. If you've been wondering whether now is your moment, it's worth sitting down with real numbers specific to your situation. I can walk through the numbers with you and show you exactly what makes sense. Let's talk through whether refinancing pencils out for you.
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Tip of the Week
Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Brandon List
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